In a significant move that could shape the future of the crypto industry, the U.S. House Committee on Financial Services has scheduled an imminent hearing on “Operation Choke Point 2.0.” This initiative, allegedly orchestrated by the Biden Administration, aims to scrutinize government regulators’ efforts to stifle the burgeoning crypto sector.

### The Hearing: Key Figures and Allegations
Scheduled for Thursday, February 6th, the hearing promises to be a pivotal moment for the cryptocurrency landscape in the U.S. Influential figures set to testify include Paul Grewal, Chief Legal Officer of Coinbase, and Fred Thiel, CEO of crypto mining giant MARA. Notably, Austin Campbell from New York University’s Stern School of Business and Shayna Olesiuk from Better Markets will also provide insights.

Central to the discussions will be documents procured by Coinbase, revealing attempts by the Federal Deposit Insurance Corporation (FDIC) to undermine crypto activities. The exchange used Freedom of Information Act requests to shed light on the FDIC’s communications with banks regarding crypto services. Grewal asserts these documents are irrefutable proof of a deliberate governmental strategy to impede crypto growth in the U.S.

### Whistleblower Revelations: Senator Cynthia Lummis Speaks Out
Last month, Senator Cynthia Lummis disclosed further allegations, voiced by whistleblowers, that the FDIC purposefully destroyed materials connected to its digital asset activities as the Biden Administration concluded. These whistleblowers claim FDIC officials heightened scrutiny on document access to prevent them from reaching the Senate. They also accuse management of employing legal threats to silence potential whistleblowers.

### The Implications of Operation Choke Point 2.0
With the crypto industry at a crossroads, the upcoming hearing is expected to present a compelling narrative of regulatory overreach versus the protection of financial stability. Critics argue that Operation Choke Point 2.0 is reminiscent of past banking sector clampdowns, potentially stifling innovation and leading America away from its leadership role in digital currencies.

As this hearing unfolds, stakeholders within the crypto world and beyond await with bated breath, understanding that outcomes could decisively influence regulatory frameworks, industry growth, and investor sentiment.

Stay informed on this developing story by following us on [X](https://twitter.com/TheDailyHodl), [Facebook](https://www.facebook.com/thedailyhodl/), and [Telegram](https://t.me/thedailyhodl). For detailed market insights, visit our [Crypto Markets](https://dailyhodl.com/crypto-markets/) section. Don’t miss any updates—[subscribe now](https://dailyhodl.com/join-the-daily-hodl-email-list/) to our email alerts!

_Disclaimer: Opinions expressed in this article do not constitute investment advice. Readers should perform their own due diligence before engaging in any high-risk investments in Bitcoin, cryptocurrency, or digital assets._

Latest AI Art

  • score_9, score_8_up, score_7_up, professional photo, (masterpiece, best quality), absurdes, daring girl, bitch, vulgar, provocative, vulgar, liberated, large medium firm breast, narrow waist, low-cut bra, unbuttoned black shirt, white hair, sunglasses, sexy, white thighhighs, fashion, black panties, professional black background, btiflgrlsnr,
  • score_9, score_8_up, score_7_up, raw, 1girl, sexy woman, 30 years old, black hair, green eyes, pale, wavy hair, party clothes, cleavage, unbuttoned, blushing, mouth wide open, tongue out, stockings, bare feet, lingerie, seductive pose, large teardrop breasts, bubble butt, full body, plain peach background, freckles, pale, focus on tongue, hands on floor, kneeling
  • masterpiece, best quality, amazing quality, nsfw, explicit, from below, monster girl, 1girl, solo, pale pink hair, long hair, multicolored hair, (heterochromia:1.1), (blue eyes:0.9), pink eyebrows, thick eyelashes, (pointy ears:0.9), small breasts, looking at viewer, exposing blue latex, nude, (magical transparent wings:1.2), multiple wings, large wings, (cameltoe:0.8), one leg on stone, knee up, side view, outdoors, (swirling magic energy:1.3), fallen tree in background, full body, (dark shadows:0.7), (high contrast:0.7), volumetric lighting, intricate details, blurry background, depth of field
  • masterpiece, best quality, amazing quality, klskx, nsfw, explicit, 1girl, solo, pale pink hair, high ponytail, long ponytail, (heterochromia:1.1), (blue eyes:0.9), round glasses, pink eyebrows, eyelashes, small breasts, looking at viewer, unbuttoned dress shirt, black lace bra down, breasts out, tight pencil skirt, high heels, sheer pantyhose, undone tie hanging loosely, sitting on office desk, one leg crossed over the other, licking lips, indoors, modern office, dim warm lighting, stacks of paperwork, half-empty coffee cup, city skyline visible through window, elegant minimalistic furniture, (dark shadows:1.0), high contrast, volumetric lighting, intricate details, blurry background, depth of field
  • safe_pos, score_9, score_8_up, score_7_up, source_anime, rating_explicit, masterpiece, absurdres, (high quality), detailed skin, detailed iris, (detailed character design), (ultra-high resolution), perfectly composed, clear, breathtaking attention to detail, high-resolution, ultra detail, uncensored, narrow waist, ((detailed face, detailed skin), masterpiece, ultra details, ultra detailed, ultra quality, best quality) BREAK deflux, Luxanna Crownguard, blonde hair, blue eyes, long hair, black, sexy body, giant ass, perfect ass, round ass, trained thighs, thick thighs, huge breasts, round breasts, perfect breasts, shiny skin, blush, blushed, slutty, horny, slut, black eye lashes, athletic body, hard nipples, ((pale skin)), (horny tan lines), tight transparent yoga pants, crop top. BREAK ((brunette)), perfect face, huge hips, winking, slim hourglass figure, ((bending over a desk, ass focus)), narrowed eyes, belly button piercing, big breasts 1.5, cleavage, camel toe, pose, cleavage, parted lips, standing, oiled skin, looking at viewer, perfect nipples, (smiling), hair behind the ears BREAK indoors, luxurious bedroom, dark room, dramatic lighting, shadows, sharp contours, (((rear view)))

Discover More

Share This Story, Choose Your Platform!

Leave A Comment

Coins of the Hour

HOT TOPICS